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Wednesday, November 12, 2014

5 Big Banks Fined $3.3 Billion in Foreign Exchange Scandal

5 Big Banks Fined $3.3 Billion in Foreign Exchange Scandal

Snippet of Article: "... One Bank of England official was aware that bank traders were sharing information for so-called matching, a practice that is not illegal but that could involve collusive activity and lead to other market participants being disadvantaged, the central bank said. The employee did not properly report these issues...."

Reference: nytimes.com

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